#FIL #filecoin If we apply the October 15 event to these figures, an important distinction needs to be made:
The 827.81 million FIL currently in circulation will NOT decrease by 75%. The coins already in circulation will remain in circulation.
The 1.95 billion FIL total supply will NOT decrease by 75% either.
What will decrease is the amount of new FIL entering circulation going forward.
The current gross issuance of approximately 88.4 million FIL per year is expected to fall to around 21.7 million FIL per year once the vesting period ends.
That represents a reduction of approximately 66.7 million FIL per year.
At today's price of around $0.80 per FIL, this means that roughly $53 million worth of FIL per year that could otherwise have entered the market through vesting will no longer do so.
So, in short: the existing circulating supply is not being reduced by 75%; the rate at which new FIL enters circulation is being reduced by roughly 75%.
The 827.81 million FIL currently in circulation will NOT decrease by 75%. The coins already in circulation will remain in circulation.
The 1.95 billion FIL total supply will NOT decrease by 75% either.
What will decrease is the amount of new FIL entering circulation going forward.
The current gross issuance of approximately 88.4 million FIL per year is expected to fall to around 21.7 million FIL per year once the vesting period ends.
That represents a reduction of approximately 66.7 million FIL per year.
At today's price of around $0.80 per FIL, this means that roughly $53 million worth of FIL per year that could otherwise have entered the market through vesting will no longer do so.
So, in short: the existing circulating supply is not being reduced by 75%; the rate at which new FIL enters circulation is being reduced by roughly 75%.